These past few days, I've been staring at the data on RWA on the chain until my eyes hurt... On the surface, the pool looks quite "deep," with colors spread all over, but upon closer inspection, the redemption terms reveal their true nature: T+ several days, window periods, quota limits, and even the all-purpose phrase "may be delayed in special circumstances." To put it plainly, the liquidity on the chain is sometimes more for show; it's not like you can just walk away whenever you want.

Recently, hardware wallets have been out of stock again, and phishing links are more numerous than ever, so everyone's security awareness has been forced to max out. Anyway, whenever I see words like "high liquidity" or "redeemable at any time," my first reaction isn't excitement but to look for the detailed rules. I'm tired but still at it, slowly turning these terms into colorful diagrams... at least to prevent being lulled to sleep by illusions.